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Journal of Light Construction / June 27, 2013

Don’t watch the news on lumber prices too closely: you might get whiplash and mood swings.

Houston station KHOU had it one way on May 29: “Housing boom drives up lumber prices,” by Jeremy Desel. “”The supply chain can’t keep up with what is needed. The price goes up and that’s just the way it is,” builder Zac Murtha told the station. “The price of lumber is usually seasonal, but home builders didn’t see the normal drop this winter. Now, prices are poised to go even higher,” KHOU reported. “It’s not just lumber—concrete

Paul Emrath / NAHB / June 21, 2013

The home building industry is facing emerging shortages of key building materials like lumber and wall board, according to surveys conducted by the National Association of Home Builders (NAHB) and National Lumber and Building Material Dealers Association (NLBMDA) in May.

Among builders, the highest incidence of shortages was for oriented strand board (OSB), with 22 percent of builders reporting shortages, followed by gypsum wall board (20 percent), framing lumber (18 percent) and plywood (also 18 percent). Except for wall board, the incidence of shortages for these products was higher

Les Shaver / MULTIFAMILY EXECUTIVE / June 11, 2013

In his more than two decades in the real estate business, Bob Faith, CEO of Charleston, S.C.–based Greystar Real Estate Partners, has ridden three different real estate cycles. In that time, he’s learned some valuable lessons. Most notably: When you’re developing apartments, timing is everything.

“Historically, if you look at your margins on projects as you go through [each] cycle, the highest margins are on the earliest deals,” says Faith, a Harvard MBA, who diligently studies past cycles for hints of future behavior. “As you get deeper into the cycle, margins get thinner and

Associated Builders and Contractors, Inc. / May 15, 2013

Summary
National construction materials prices slipped 0.1 percent in April, according to the May 15 producer price report by the U.S. Department of Labor. Year over year, construction materials prices are up just 0.4 percent. Nonresidential construction materials prices decreased 0.1 percent for the month and are down 0.4 percent over the last 12 months.

Nonferrous wire and cable prices dropped 3.5 percent for the month and are down 4.2 percent on a year-over-year basis. Prices for plumbing fixtures and fittings slipped 0.5 percent compared to March, but are 0.8 percent higher than April